Pallas Capital Advisors LLC acquired a new stake in Ferguson plc (NASDAQ:FERG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,117 shares of the company's stock, valued at approximately $660,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Ferguson by 6.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock valued at $211,000 after purchasing an additional 74 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Ferguson by 1.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,390 shares of the company's stock worth $1,109,000 after acquiring an additional 80 shares during the last quarter. Assetmark Inc. increased its stake in shares of Ferguson by 41.1% in the 4th quarter. Assetmark Inc. now owns 333 shares of the company's stock worth $58,000 after acquiring an additional 97 shares during the last quarter. LGT Financial Advisors LLC increased its stake in shares of Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after acquiring an additional 102 shares during the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Ferguson by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 3,001 shares of the company's stock worth $521,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Ferguson Trading Down 0.6%
NASDAQ FERG traded down $1.39 during trading on Friday, hitting $212.34. The stock had a trading volume of 945,443 shares, compared to its average volume of 1,656,798. The company has a market capitalization of $41.87 billion, a PE ratio of 25.49, a PEG ratio of 1.69 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $179.35 and a 200 day moving average price of $178.15. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 earnings per share. As a group, equities research analysts forecast that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, June 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's payout ratio is presently 41.40%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FERG. Wells Fargo & Company raised their target price on Ferguson from $190.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Citigroup cut their price objective on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price objective on Ferguson from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Wolfe Research began coverage on Ferguson in a research report on Monday, March 17th. They set a "peer perform" rating for the company. Finally, Barclays raised their price objective on Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $217.07.
Check Out Our Latest Stock Report on Ferguson
Ferguson Profile
(
Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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